Tag: trading indicators

The Best Day Trading Indicators

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The Best Day Trading Indicators

If you are just getting into the world of trading, whether Forex, cryptocurrencies, or otherwise, something that you definitely need to know all about are trading indicators. In case you have no idea what trading indicators are no worries because we will explain this in great detail below. However, with that being said, what you need to know here is that day trading indicators are important tools that provide you with crucial information that will determine exactly how and when you trade.

The bottom line is that without good day trading indicators, you just aren’t going to make any money and you aren’t going to be successful at all. Today we’re here to do a bit of a guide for newbies in terms of day trading indicators, we’re going to talk about what exactly day trading is, what indicators are, what indicators tell you, and what the best day trading indicators out there are. Let’s get right to it.

 

Trading Indicators

What is Day Trading?

Before we start talking about day trading indicators, it’s probably a good idea for you to get a basic definition of what actual day trading is. Now first and foremost, day trading is most often characterized by large degree of technical analysis, and it requires a lot of self discipline and objectivity. Now, day trading usually refers to a practice of buying and selling a specific security in a single day.

Therefore it can also be known as intraday trading as it all happens over the span of one day. For the most part, day traders will utilize a lot of leverage as well as a variety of short term trading strategies to capitalize on even the smallest of price movements that occur in extremely liquid currencies and stock markets.

 

What are Indicators?

OK, so now that you know what day trading is, it’s a good idea for you to get a basic definition of what a day trading indicator is. So the most basic definition of an indicator is a tool or set of tools that is applied to a trading chart that can help to make the market more clear.

The main purpose of indicators are to provide you with a certain set of information, such as when an asset is overbought or oversold, what the market trend is like, and more.

Moreover, trading indicators are mathematical calculations that are plotted as lines on a price chart and it helps traded to identify certain signals or trades that can be placed. Indicators usually refer to a technical chart pattern that is derived from the price, volume, or the open interest of a given asset. Of course there are many different types of indicators that tell you different things.

Trading Indicators

 

What do Day Trading Indicators Tell Us?

As mentioned above, day trading indicators are designed to provide you with a variety of facts about a certain security or asset. So what exactly do trading indicators tell you? When it comes down to it, there are four main pieces of information that you can gleam from any great day. Trading indicator.

 

The Trend

The first thing that a trading indicator might tell you is the trend of the market, or in other words, in what direction the market is moving. Generally speaking, trend indicators are also known as also oscillators, as they usually move up and down between highs and lows.

Volume

The second type of day trading indicator out there is the volume indicator and these change with time. his type of indicator indicates the number of stocks that are being bought or sold over a specific amount of time. When the price of a security or asset changes, the volume indicator will indicate how strong that move is.

Momentum

The third thing that indicators might tell you is what the momentum of an asset is like. Or in other words, momentum indicators tell you the strength of a certain trend. Momentum indicators will also signal if reversal is in the near future.

Volatility

The fourth type of indicator out there is the volatility indicator, which is in fact one of the most important ones of all, as it indicates how much a price changes over a given. If there is high volatility means there are big price moves.

The Best Day Trading Indicators

Now that we know what day trading indicators are and what they can tell you, let’s take a quick look at the very best intraday trading indicators out there.

Bollinger Bands

The Bollinger Bands indicator is a volatility indicator that tells you how volatile a market is. When the market is moving and volatility is high, the bands widen and increase the gap between them, and the gap between bands is small when volatility is low.

Moving Averages

Moving averages are intraday trading indicators that provide you with useful information about the momentum of a market trends and trend reversals, as well as stop loss and stop loss points. Moving averages are all about allowing traders to find opportunities in the direction of the current trend.

Commodity Channel Index

The Commodity Channel Index or CCI allows you traders to identify new and emerging market trends. This indicator provides you with values ranging from negative 100 to positive 100 an if the value is positive in indicates an up trade and if the value is negative, it indicates a downtrend.

Relative Strength Index

The relative strength index, or RSI for short, is another momentum indicator that features a single line that ranges from zero to 100. This indicates if a stock is overbought or oversold, and if the reading is above 70 it indicates that a security is overbought and if it is below 30 it is oversold.

Stochastic Oscillator

This is another fantastic day trading momentum indicator that provides you with information about the closing price of a stock, with a range of prices over a certain period of time.

 

The Best Trading Indicators – Final Thoughts

There you have it folks, all of the information that you need about the best day trading indicators out there to get started.

Remember folks, if you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Using The ATR Indicator For WINS!

Fabian FabianLatest News / Latest News / NewsLeave a comment

Using The ATR Indicator For WINS!

OFFICIAL WEBSITE: IncomeMentorBox.com

If you are tired of losing trades and you need to find a great way to trade Forex and set your stop loss levels, this ATR indicator strategy is one you need to take a look at. Below, we are going to outline how to use the ATR indicator to set your stop loss levels. We also have a live profit session to show you. This is where Andrew, from our own Income Mentor Box Day Trading Academy, shows you his live trades and profits, all thanks to this ATR indicator.

Income Mentor Box ATR Indicator

What Is The ATR Indicator?

Ok, so before we really get into the meat and potatoes of today’s ATR indicator article, it is probably wise if you know what this ATR indicator actually is and how it functions. Ok, so ATR stands for Average True Range. The Average True Range or ATR indicator is a measure of volatility. If you do not know, volatility is a measure of the strength of the price action. In other words, it measures how volatile an asset such as a currency pairing is, in terms of how far the price may move in either direction in any given time.

The ATR indicator is indeed quite important and is often overlooked when it comes to analyzing and determining market direction and asset volatility. Although it is often overlooked, real trading professional know just how important it really is, and it has been in use for several decades now to determine volatility and price action. The ATR indicator can be used in order to create a full trading strategy, or it can also be used to just set entry and exit signals and levels too.

 

How To Use The ATR Indicator To Set Stop Loss

Ok, so now that we have figured out what exactly this ATR indicator is, we want to talk about how you can use it in order to win trades. In this case, we want to talk specifically about stop loss levels and how to use the ATR indicator in order to determine the stop loss level for any given trading position which you may place. Right now we are going to go through a step by step process on doing this in as easy a way as possible. Let’s get right to it and teach you how to use the ATR indicator in order to place winning trades and to set the proper stop loss levels.

  1. First things first, go to your trading platform of choice. Here you need to find the indicators tab. Look for the ATR indicator, find it, and select it. Every charting solution and trading platform should come with this.
  1. As you can see, it just looks like one single line, which you can modify as you choose. Many traders use the ATR indicator by setting the level to 20. However, by default, the level is usually set to 14, which is actually based on days. You can choose the color and the style of line based on your preferences.
  1. So, when you are making a trade, look at your charts and analyze the price of the asset in question, and examine the ATR indicator at the same time. You are looking for the ATR value, and you are looking for an ideal resistance level too.
  1. Now you need to find your stop loss by examining what the ATR indicator is telling you. You want to take the value of the ATR indicator and multiply it by 2. This is what your stop loss level will be for a certain asset at a certain time. You want to add this value (ATR x 2) to the market price, and this is what your stop loss will be.

ATR Indicator

 

Yes, we here at the Income Mentor Box Day Trading Academy know that this whole ATR indicator concept is a bit difficult to understand, especially in words without any visual reference. But hey, this is why our leader, Andrew, has taken it upon himself to make an ATR indicator trading video. If you take a look at the video, Andrew outlines all of these steps in details and provides you with several live examples. Once you see it live in action, you should be able to grasp the concept quite quickly.

ATR Indicator Live Trading Results

Of course, you don’t want to just take our word that this ATR indicator and stop loss strategy works. Here at the Income Mentor Box Day Trading Academy, Andrew always provides you with live trading updates and results, with trades being placed, going on, and being closed in real time.

We are here to show you that our strategies actually work, and that you can do the same to make good money through trading. Like we always say here, the proof is in the profits. If you take a look at the below video, you will set that Andrew placed a very good trade using the ATR indicator method which we outlined above.

The results which Andrew were able to achieve were pretty good no doubt. Using this same trading strategy which we outlined above, Andrew was able to make a profit of well over 300 Euros with one single USD/JYP trade. Guys, if you use this ATR indicator strategy, there is no reason why you cannot make a few hundred Euros profit in a single trade just like this. Also, keep in mind that this trade was only open for roughly 2 hours. Making over 300 Euros in just 2 hours is definitely impressive!

ATR Indicator Profits

Income Mentor Box & The ATR Indicator – Final Thoughts

While this strategy might be a bit complex to understand at first, we do think that Andrew did a great job at explaining it in an easy to grasp way. Yeah, it might take a couple rounds of practice, but there is no reason why you should not be able to achieve the same results as Andrew here.

If you want to become a professional day trader and learn how to profit through Forex, indices, stock, and commodities trading, our Income Mentor Box Day Trading Academy is undoubtedly the best place to be. For the low onetime payment of $299, you will gain full access to all course materials. It’s time to quit your day job and become a professional day trader from home, a highly profitable one!

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